Notable News to Focus: Cincinnati Financial Corporation (NASDAQ:CINF)

Cincinnati Financial Corporation (NASDAQ:CINF) stock observed trading -11.20% off 52-week high price. On the other end, the stock has been noted 33.27% away from low price over the last 52-weeks. The stock disclosed a move of -0.48% away from 50 day moving average and -1.19% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.53% off 20-day moving average. It has market cap of $17.12B and dividend yield of 2.13%.

On Jan. 31, 2020, Cincinnati Financial Corporation (NASDAQ:CINF) disclosed that, at ‘s regular meeting, the board of directors declared a 60-cents-per-share regular quarterly cash dividend, increasing from the previous 56-cents-per-share dividend paid on January 15, 2020. The dividend is payable April 15, 2020, to shareholders of record as of March 18, 2020.

Steven J. Johnston, president and chief executive officer, commented: Over the past 59 years, Cincinnati Financial shareholders have benefited from increasing dividends, and this action sets the stage for a 60th consecutive year.

The company’s strong capital continues to support our dividend as well as the profitable growth of our insurance business, as we seek to increase shareholder value over time. That capital, combined with the depth of our relationships with outstanding independent agents and capable, hard-working associates, bolsters the board’s confidence that the company can reward shareholders in both the near and long term.

The USA based company Cincinnati Financial Corporation moved with change of -1.73% to $104.95 with the total traded volume of 976620 shares in recent session versus to an average volume of 594.82K shares. The stock was observed in the 5 days activity at -1.00%. The one month performance of stock was -0.19%. CINF’s shares are at -6.94% for the quarter and driving a 29.38% return over the course of the past year and is now at -0.19% since this point in 2018.  Right now the stock beta is 0.57. The average volatility for the week and month was at 1.66% and 1.34% respectively. There are 163.17M shares outstanding and 152.65M shares are floated in market.

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